Financial scam detected in planned KSRTC township


Team Udayavani, Jul 12, 2021, 2:32 PM IST

Bengaluru: The Registrar of Cooperative Societies has reportedly found a scam of more than Rs 10 crore in the KSRTC Employees’ Cooperative Housing Society (KECHS) township planned to be built in Nelamangala.

The KECHS proposed to build a township – Sarige Nagar – for its members.

An agreement was signed between the KECHS, the Karnataka Housing Board (KHB) and Supreme Associates, a company contracted to purchase the 110 acre land for KHB and develop the township, in 2006.

However, new office-bearers in 2011 transferred about Rs 14 crores to Supreme Associates and the company only transferred only 72 acres to KHB.

It was learnt during the investigation by the Deputy Registrar of Cooperative Societies, N Venkatesh, that the then president of the KECHS Manjunath’s brother Lakshminarayana was a partner in the company.

Additionally, in a separate case registered at the Wilson Garden police station, the investigation found that a little more than 5 acres of the land is registered in the name of another partner in the company.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Related Articles More

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Kumaraswamy sheds tears during elections but vanishes when people are in tears: Shivakumar

CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka

“Chinnara Banna-2024” held successfully in Bantwal

Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.